TaxPersonal TaxPension contribution reliefs

Pension contribution reliefs

Age on 6th April

% of maximum net relevant earnings

Personal pensions*

2000/2001 maximum

Retirement Annuities*

35 or less

17.5

16,065 pounds

17.5

36 – 45

20

18,360 pounds

17.5

46 – 50

25

22,950 pounds

17.5

51 – 55

30

27,540 pounds

20

56 – 60

35

32,130 pounds

22.5

61 or over

40

36,720 pounds

27.5

Life assurance (out of above)

5

4,590 pounds

5

AVCs

15

13,770 pounds

Maximum net relevant earnings: 91,800 pounds, (1999/2000 – 90,6000 pounds)

* If contributions to both, Personal Pensions limits apply.

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

5m Emma Smith, Managing Editor